Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit what was for decades one of its most dependable cash cows but in recent years has become a big drag on its reputation. The London-based energy … Read more
Published: Jan. 1, 2024 at 6:37 p.m. ET By P.R. Venkat Baidu has called off a $3.6 billion deal to buy JOYY’s video-based entertainment live-streaming business in China. As of the end of December, the closing conditions for the share purchase agreement had yet to be fully satisfied, Baidu said in a filing late Monday. … Read more
Published: Dec. 21, 2023 at 6:13 p.m. ET By Stephen Nakrosis Industrial gas supplier Global Hydrogen Energy and blank-check company Dune Acquisition said the SPAC’s shareholders approved a deal that will see the combined company go public. Shares of the combined company, Global Gas, are expected to begin trading on the Nasdaq Capital Market under … Read more
Published: Dec. 18, 2023 at 2:27 a.m. ET By Ian Walker Unilever is selling the Elida Beauty business to Yellow Wood Partners for an undisclosed sum, as part of the company’s plan to optimize its personal care portfolio and grow its power brands. The Anglo-Dutch consumer goods company–which houses Ben & Jerry’s ice cream and … Read more
Updated Dec. 3, 2023 3:53 pm ET Alaska Air reached a roughly $1 billion deal to buy Hawaiian Airlines, a combination of two nearly century-old rivals that are dwarfed by the biggest players in a time of travel upheaval. The proposed deal would unite carriers that largely serve destinations in the Pacific region and operate … Read more
Updated Nov. 8, 2023 3:43 pm ET Amazon.com is turning to Prime members to bolster its healthcare business, an industry where the company has sought to expand for years. The tech giant on Wednesday revealed plans to offer its millions of Amazon Prime subscribers a low-cost annual membership to One Medical, the primary-care business Amazon … Read more
Subchapter V bankruptcy filings, which most small businesses now use, are running above last year’s level, according to the American Bankruptcy Institute. Chapter 11 of the U.S. Bankruptcy Code was revised in 2019 to make it simpler and more cost-effective for small companies to reorganize debts. But bankruptcy, through Subchapter V or otherwise, may not … Read more
Banks Follow-Up By Jacob Sonenshine Oct 10, 2023, 12:27 pm EDT Share Reprints Financial (TFC) stock is rising following reports that it will sell its insurance business. The stock remains a buy. Continue reading this article with a Barron’s subscription. View Options Source link credite
For Brian Smith and Jackie Cuscuna, co-founders of Ample Hills Creamery, building an ice cream business has been a rocky road. The husband-and-wife duo started with an ice cream push cart before opening their first Ample Hills shop in Brooklyn, New York, in 2011. At its height, Ample Hills was valued at $40 million, with … Read more
The latest and final stock sale of Madison Square Garden Entertainment by its former parent, Sphere Entertainment Group, is clearing an overhang and looks bullish for the owner of the Madison Square Garden arena in Manhattan. Madison Square Garden Entertainment (ticker: MSGE) said Monday that Sphere Entertainment Group (SPHR) had begun a sale of 7.15 … Read more